scholarly journals Convertible Debt: Financing Decisions and Voluntary Conversion under Ambiguity

2015 ◽  
Vol 15 (4) ◽  
pp. 599-611 ◽  
Author(s):  
Elettra Agliardi ◽  
Rossella Agliardi ◽  
Willem Spanjers
Keyword(s):  
Debt Financing ◽  
Convertible Debt ◽  
Financing Decisions

Debt Financing Decisions by European Firms

2011 ◽  
Author(s):  
Victoria Krivogorsky ◽  
Gun-Ho Joh
Keyword(s):  
Debt Financing ◽  
Financing Decisions

scholarly journals Corporate Governance Quality and Capital Structure Decisions: Empirical Evidence from Canada

2019 ◽  
Vol 6 (9) ◽  
pp. 303-311
Author(s):  
Dan Lin ◽  
Lu Lin
Keyword(s):  
Corporate Governance ◽  
Capital Structure ◽  
Empirical Evidence ◽  
Composite Index ◽  
Free Cash Flow ◽  
Debt Financing ◽  
Cost Of Debt ◽  
Financing Decisions ◽  
Governance Quality ◽  
Corporate Governance Quality

This study examines the relationship between corporate governance quality and capital structure of firms listed on the S&P/TSX composite index between 2009 and 2012. Using an aggregate corporate governance index, this study finds support for the outcome hypothesis, which argues that capital structure is an “outcome” of corporate governance quality. Governance quality is found to be positively associated with firms’ leverage. Firms with lower governance quality have lower leverage as these firms’ managers do not like to have only little free cash flow leftover or have extra constraints imposed by debt financing. In contrast, firms with higher governance quality are more leveraged because these firms have lower agency costs and thus lower cost of debt financing. As a result, they can take on more debts. The empirical evidence from this study illuminates important links between governance quality and financing decisions of firms.

MARKET TIMING STRATEGIES IN CONVERTIBLE DEBT FINANCING

1978 ◽  
Vol 13 (3) ◽  
pp. 24-25
Author(s):  
Gordon J. Alexander ◽  
Roger D. Stover ◽  
David B. Kuhnau
Keyword(s):  
Market Timing ◽  
Debt Financing ◽  
Convertible Debt ◽  
Timing Strategies

scholarly journals Determinants of capital structure and its impact on corporate governance: An emerging market empirical study

2017 ◽  
Vol 1 (1) ◽  
pp. 17-32 ◽  
Author(s):  
Maqbool Ahmad ◽  
Basheer Ahmed ◽  
Munib Badar
Keyword(s):  
Decision Making ◽  
Corporate Governance ◽  
Capital Structure ◽  
Audit Committee ◽  
Emerging Market ◽  
Debt Financing ◽  
Debt Ratio ◽  
Return On Assets ◽  
Financing Decision ◽  
Financing Decisions

This research endeavored to explore two schemes of literature pertains to capital structure i.e. antecedents and consequences of debt borrowing on firm specific and corporate governance factors. This research explores the determinants of capital structure to ascertain whether the financing decisions are optimal or not. Non-financial sector firms accumulated 70% of total firms listed on Pakistan Stock Exchange (PSX). To conclude proposed research, unbalance panel data for 160 non-financial firms listed at PSX from 2007 to 2011 is selected. Results revealed that Return on assets contributes 25% influence on financing decisions regarding debt. Similarly Debt borrowings affect negatively in overall profits. However, its intensity differs within different levels of its determinants. Corporate Governance CG index is negatively associated with debt ratio. Return on assets in terms of size of firm is impacted 29%. Institutional Ownership and debt financing has found a negative association with one and each other. Ownership concentration and debt ratio have strong positive binding between them. Significance of Board Size holds only 2% in debt financing decision making whereas CEO duality holds 68% significance in debt financing decision making. Audit Committee independence and debt ratio are also negatively related. Non-executive directors are found with no influence on capital structure decision making. Board Independence is positively related with leverage and found with no particular implementation of debt financing decisions makings. The outcome of this study can be used to provide managerial information whether their financing decisions are optimal or not and how they should enhance the scope of their financing decisions.

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